$DIA, $SPY, $QQQ, $RUTX, $VXX The stock market finished mixed Friday; the S&P 500 (+0.1%) and DJIA (+0.3%) closed just above unchanged, while the NAS Comp (-0.2%) and Russell 2000 (-0.4%) closed slightly lower. On Friday, Fed Chairman Jerome Powell said the most likely outlook for the US and world economy is continued moderate growth, […]
South Africa promised Thursday to tackle the prejudice fuelling a wave of deadly riots and xenophobic attacks, as international anger over the violence overshadowed a pan-African economic conference in Cape Town. President Cyril Ramaphosa said at least 10 people had been killed during the past week,2 were foreigners. “Our country has been deeply traumatised …by […]
“Each of our nations is totally unique with our people and our own sovereign obligations. But we can coordinate together and achieve a common good.“– President Donald J. Trump His Mission Statement WORKING WITH G7 PARTNERS: President Donald J. Trump will meet with leaders of G7 nations to further our cooperation and relations with several […]
Foreign government officials and experts are expressing their condemnation of the violence perpetrated by radical demonstrators in Hong Kong. Emphasizing the significance of “1 country, 2 systems” for the development of Hong Kong, they also voiced their support for the legitimate actions taken by the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong […]
$DIA, $SPY, $QQQ, $RUTX, $VXX President Trump blames the Fed for putting the US economy at risk while data shows an economy in “reasonably good” shape, as the Chairman of the central bank recently said. But,”reasonably good” is not what President Trump promised to deliver during his Y 2016 campaign, and at this point he […]
FLASH: Fed policy makers reportedly are being forced to cut interest rates because of the European Central Bank’s much-lower policy rate. If losing demand to Europe weakens US growth and threatens to push inflation too low, US rates also must also fall. “The ECB’s policy rate, at minus 0.4%, is already nearly 3 percentage points […]
Capitalism and Socialism are both economic schools of thought that are to an extent virtually opposite of each other. Understanding the differences between them is important as it can help you understand a great deal about economic discussion and thought. Capitalism: To each their own. Markets should be free of government intervention and the principles of supply […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US Q-2 GDP higher than estimates on strong consumer spending as the ‘Tight’ Fed, China trade dispute lowed growth Friday, economist Stephen Moore said he is “relieved” that the economy is at 2.1% growth, but said the numbers are not where they should be because of several factors, including […]
$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices are up, Bullion and Miners are in favor, here is why. Gold prices hit their highest marks since Y 2013 this past week, an indication that investors increasingly view the precious Yellow metal as a good alternative to paper money and government bonds at a […]
$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices have reversed to the Northside in the last several weeks. The SPDR Gold Shares ETF (GLD) gained 8.0% in June, higher than the gainers of 6.4% and 7.1%, respectively, in the S&P 500 and the DJIA. The VanEck Vectors Gold Miners ETF (GDX) amplified the […]
$GS Goldman Sachs (NYSE:GS) economists are skeptical that trade policy uncertainty is a major drag on business investment now. Instead, they are pointing to other economic indicators, which they say are still okay. “The link between economic policy uncertainty and Capex weakens sharply when taking into account financial conditions and company investment spending expectations, which […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
US job openings fell a bit in April as hiring surged to a record high, government data showed Monday. Job openings, a measure of labor demand, slipped to a seasonally adjusted 7.4-M from 7.5-M in March, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS. The job openings rate was […]
$JPM, $GS, BAC, The weak May NFPs report is push the Fed closer to cutting interest rates soon if not sooner. While a reduction when policy makers meets later this month cannot be ruled out, Fed watchers said their base case is for the FOMC to stand pat. But they said the abrupt slowdown in […]
FLASH: The US economy will mark 10 years of expansion in July, the longest on record. Strong job gains have been a Key feature. After years no growth the US economy has made a huge comeback. The credit can only be given to President Trump’s promised rollback of the tax and regulatory schemes implemented from […]
FLASH: The Trump Policies are working US consumer confidence was up in April as Americans felt more optimistic about present and future economic conditions, underscoring how a tight labor market and higher wages are underpinning attitudes amid some uncertainty. The Conference Board’s index climbed to 129.2, according to data from the New York-based group Tuesday that topped […]
President Trump’s economic adviser said the White House still backs Stephen Moore for a seat on the Federal Reserve’s Board of Governors, despite Democratic lawmakers’ concerns about his competence and questions over his past remarks. Sunday, Federal Board candidate Stephen Moore derided criticism of him as “character assassination” and a blatant “smear campaign.” In a […]
$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]
$DIA, $SPY, $QQQ, $RUTX, $JPM, $DIS FLASH: Friday’s advance drove the benchmark index close above the 2900 mark for the 1st time since early October. The S&P 500 gained 0.7% Friday, as a strong earnings report from JPMorgan Chase (JPM) and a buoyant response to Walt Disney’s (DIS) upcoming streaming service helped offset losses from […]
Thursday, President Trump said, “…not the right time to lift economic sanctions on NKorea” “At the right time I would have great support. This is not the right time,” President Trump said during an Oval Office meeting with SKorean President Moon Jae-In, after he was asked about re-opening the industrial park. President Moon has advocated […]
Protesters from the ‘yellow vest‘ movement are on the streets of France for a 21st weekend running, with 1000’s gathered for a march across Paris. Paris police have fine-tuned their strategy of being more mobile and proactive to counter eventual violence since the 1st Saturday of protests on 17 November. The Champs-Elysees is off-limits to […]
American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, says its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through 14 March measures consumers’ assessment of current economic conditions and their expectations for the next 6 months. […]
FLASH: The public’s view of Ms. Ocasio-Cortez continues to grow more negative by the day Despite the perceived rising stock of freshman Representative Alexandria Ocasio-Cortez, 29 anni, (D-NY), a new poll found that the majority of likely voters in her district do not hold a favorable view of her. The results of the poll conducted […]
FLASH: President Trump’s tariffs slows China growth engine China’s exports fell the most in 3 years in February, while imports fell for a 3rd month running, pointing to a further slowdown in the economy and a trade recession despite a PBoC”s support measures. The shockingly weak readings from the world’s largest trading nation added to […]
$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]
FLASH: Kim Jong Un Faces New Pressure at Home After Trump Summit Shock He faces a long train ride home through China to think about what went wrong. President Trump says Vietnam, the site of his 2nd round of nuclear talks with Chairman Kim, is thriving economically and that NKorea could, too, if it would […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US Federal Reserve Chairman Jerome Powell’s 1st post-meeting press conference of Y 2019 left market expectations for a rate hike this year an Big Q, and raised the chances of a cut in Y 2020. The Fed’s tone Wednesday cast doubt on the prospects of interest rates heading higher at […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, White House economic adviser Larry Kudlow said the recent partial government shutdown inflicted “no permanent damage” to the economy. “I still think the economy is very strong,” the head of the National Economic Council that advises President Trump said at a White House briefing. “As I have said many times I […]
$UBS, $CS UBS Group (NYSE:UBS) warned that the worst may not be over after clients pulled $13-B in assets during a market correction in the last 3 months of Y 2018. Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, which will hit wealth and asset management revenue in Q-1, the Zurich-based […]
$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]
Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting President Donald Trump’s top economic adviser said he expects the Fed to pause its interest-rate increases for “quite some time” after a possible hike later this month. As Federal Open Market Committee (FOMC) members prepare to meet on 18-19 December, “I think they’re signaling […]
“Growth ‘Cracks’ Will Shape Fed Funds Rate Debate” $DIA, $SPY, $QQQ, $RUTX, $VXX For the past 2 years we have seen the Fed move ahead with steady rate increases in an economy that has done better than many had expected, boosted by government spending, tax cuts, and global growth. The easy part may be over, […]
Thanksgiving Football Weekend, Winning the Financial Debate When this year’s holiday weekend discussion turns to the US economy, which it may, you need to be primed correctly. Whether your relatives want to talk about the job market as casual observers or parse Fed actions like superNerds, we have prepared rebuttals for some of Y 2018’s […]
All Indicators Say, “S&P 500 Will Hit 3,000 by Year’s End” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Byron Wien predicts that this Bull run, the longest in history, in the stock market is not over, and there is no recession in sight. Mr. Wien recently said in a TV interview that he is “not […]
Ferrari’s (NYSE:RACE) CEO Believes ‘Little Progress’ Made on F1 Economic Issues $RACE CEO Louis Camilleri believes little progress has been made on F1 economic issues Ferrari’s (NYSE:RACE) new boss says that Liberty Media’s proposed budget cap is not exactly close to becoming reality. F1 owner Liberty wants to improve the sport by limiting the huge […]
Roaring Trump Economy Benefits ‘Blue Collar’ Worker the Most Monday, White House economic adviser Larry Kudlow says American blue-collar workers are the ones most benefiting from President Donald Trump’s robust economic growth. “We’re running solidly. You know who the biggest beneficiaries are? Blue-collar workers. Take a look at the numbers,” the veteran financial guru and […]
The US is in a ‘Great Economic Boom’ $DIA, $SPY, $QQQ, $RUTX, $VXX Americans’ evaluations of current US economic conditions and the economy’s trajectory are the most optimistic in nearly 20 years, Gallup reported. Currently, 54% of Americans rate economic conditions as “excellent” or “good,” and just 12% as “poor,” Gallup reported. Also, by 57% to […]
China’s Growth Slows, Investors Seeking Reassurances Friday, China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz to shore up confidence in its fall stock market. Growth in the Quarter that ended in September slipped to 6.5% over a year earlier from the prior Quarter’s 6.7%, official data […]
President Trump, “My Biggest Threat Is the Fed” Tuesday, US President Donald Trump escalated his assault on the Fed, calling the central bank the biggest threat of his Presidency. “My biggest threat is the Fed,” President Trump said in a TV interview. “Because the Fed is raising rates too fast, and it is too independent,” he […]
DJIA + 547.87 On Strong Q-3 Earnings Reports $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 cut through its 200-Day MA, closing 2.2% higher and reducing its October loss to 3.6%. Tuesday, US stocks rose more than 2% after upbeat earnings reports from major companies, and solid economic data, as equities rebounded from last week’s […]
“US is the Hottest Economy in World” US economic strength is built upon very real, solid fundamentals. National Economic Council Director Larry Kudlow said the American economy is beating the rest of its global rivals despite the stock market’s volatility. “We are the hottest economy in the world right now. We’re crushing it,” he said […]
President Trump’s Economic Boom Can Last ‘A Good Many Years’ President Trump is Guiding ‘Hottest Economy’ in World Larry Kudlow, director of the White House’s National Economic Council, does not see an end to the robust economic growth sparked by President Donald Trump’s strategy. “I just do not see where this is going to end,” he […]
“Enormous Confidence” Driving US Economic Growth “President Trump is a growth guy and he has launched a boom that nobody thought possible.” The National Economic Council Director Larry Kudlow says “enormous confidence” just one of the many factors driving robust economic growth, which he does not expect to stop anytime soon. “I’ll start with the […]
“No Great ‘Potholes’ Seen Stopping President Trump Economic Growth Policies” $DIA, $SPY, $QQQ, $RUTX, $VXX JPMorgan Chase & Co. CEO Jamie Dimon expects robust economic growth “may very well continue” because he does not see any “great potholes” stopping it. Mr. Dimon said in a TV interview Monday hat he cannot tell whether the China […]
Gold-Silver Ratio at Highest Mark in 27 Years $GLD, $SLV, $OIL, $SPY, $QQQ The Gold-Silver Ratio has been one of the most reliable technical ‘buy’ indicators for Silver, whenever the ratio climbs above 80. The Big Q: Is the current spike in the gold/silver ratio forecasting another stock market crash? The gold-to-silver ratio has moves […]
The Trump Effect: US economy Poised for Strong Growth in Q-3 US economy is expanding at a 4.4% annualized rate in Q-3, the Atlanta Fed’s GDPNow forecast model showed Friday despite retail sales recording their smallest gainer in 6 months in August. Consumers cut back on purchases of motor vehicles and clothing, but upward revisions to […]
Hurricane Florence Will Distort Economic Data, Expect Little Harm $HD, $LOW The coming economic impact of Hurricane Florence is unlikely to be large but will likely muddle US data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in Q-3 of Y 2017 and sparked rebuilding later in the year […]
NKorea’s 70th Anni Parade “a big and very positive statement” Sunday, US President Donald Trump saluted NKorean leader Kim Jong Un Sunday for holding a massive military parade “without the customary display of nuclear missiles” to celebrate his country’s 70th Anniversary. “This is a big and very positive statement from NKorea. Thank you To Chairman […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
Protecting Endangered Animal Species Cost US Taxpayers 100’s of Billions President Trump is moving to reform the ESA’s management of endangered species Democrats are slammed the President’s attempts to correct this over regulation. Factoring in the taxpayer cost of blocking dams, roads, pipelines Protecting endangered species likely costs the economy hundreds of billions of dollars […]
US Economic Boom the “single most important political story” President Trump fully deserves the credit, he said, for lowering tax rates, rolling back trade regulations and enforcing trade reform. The United States’ economic boom is the “single most important political story” that has happened this year, National Economic Council Director Larry Kudlow. “This is going to […]
Millennials, Baby Boomers to Fuel Historic Economic Expansion $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, investment guru Ed Yardeni predicted millennials and baby boomers will help the US achieve its greatest economic expansion in history. “They the baby boomers are increasingly becoming minimalists. They are trading down in terms of houses that they want to live […]
China’s Political and Economic Waters Look Choppy As China’s leaders gather for their annual Yellow Sea retreat, its political and economic waters look choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as […]
US Economic Growth Forecast The WS-J’s monthly survey of private economists see now the average estimate for US economic growth this year to have increased to 3R, up from projections of 2.9% last month and 2.4% a year ago. The survey of private economists also expects the unemployment rate falling to 3.6% by June 2019, which would be […]
Heavy Economic Sanctions Against Iran Back On at Midnight, More Coming Heavy economic sanctions will come back into effect at Midnight, but some of the implications are already being seen. “The pressure on the Iranian economy is significant,” Bolton said in a TV interview Monday. “The value of its currency is going through the floor. We’ve seen […]
Perez and Pelosi Do Not Like President Trump’s Economic Policies Key Dem party leaders do not agree with or like US President Donald Trump in part because his economic policies following a July jobs report that showed the U.S. added 157,000 jobs and unemployment fell to 3.9% Friday. Democratic National Committee (DNC) Chairman Tom Perez released […]
President Trump’s Middle East Team Forging Israeli-Palestinian Peace US officials say The Trump Administration is staffing up a Middle East policy team at the White House in anticipation of unveiling its long awaited but largely mysterious Israeli-Palestinian peace plan. The National Security Council last week began approaching other agencies seeking volunteers to join The Team, […]
The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atlanta Federal Reserve’s most-recent GDPNow forecast model showed. That is faster than the 4.7% pace calculated by the regional Fed’s forecast program […]
The Trump Administration Pushes Chinese Officials Back to the Negotiating Table $CNY Wednesday, China cautioned the US against “blackmailing and pressuring” it over trade as The Trump Administration pushes officials back to the negotiating table through threats of even higher tariffs. President Donald Trump’s officials are considering more than 2X’ing planned tariffs on $200-B in […]
ADP: US Companies Add Healthy 219,000 Jobs in July US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate. Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and […]
President Trump’s Policies Restore Economic Prosperity After about 19 months in the Oval Office, US President Donald Trump’s economic policies have begun to return the US to real economic prosperity. The U.S. Bureau of Economic Analysis (BEA) announced that in Q-2 of this year GDP grew at a 4.1% annual rate. It has been 13 years since […]
Strong US Economic Growth Is Sustainable $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow said strong economic growth is sustainable and will continue. President Donald Trump hailed the 4.1% Q-2 growth rate as proof that “we’ve accomplished an economic turnaround of historic proportion.” “I don’t think this is the end of […]
US Q-2 GDP Figure Will Be ‘Big’ $DIA, $GM June Advance International Trade in Goods (actual -$68.30-B, consensus -$66.70-B) Advance Wholesale Inventories (actual 0.0%; prior 0.4%) June Durable Orders (actual 1.0% consensus 3.2%; prior -0.3%) June Durable Goods -ex trans (actual 0.4% consensus 0.4%; prior 0.3% White House economic adviser Larry Kudlow said Friday’s GDP release will reflect “big” […]
US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]
US Inflation Rate at 2.9% in June, Highest in 6 Years US consumer prices rose in June from a year earlier at the fastest pace in more than s6 years, lifted by more expensive gas, car insurance, and higher rents. Last Thursday, the US Labor Department said that the CPI (consumer price index) ticked up […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
This US Economic Recovery is “Far from over” $JPM JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon does not see any reason the 9-year economic recovery will end any time soon. “We’re probably in the 6th inning,” Mr. Dimon said Friday at an investor conference in New York. “It’s very possible you’re going to see […]
President Trump’s Economic Agenda The Trump Administration has outlined big economic agenda items at focus on a stable USD, robust American growth and fair trade. Larry Kudlow, the Wall Street economist who is now the director of the White House’s National Economic Council and is advising our President Mr. Kudlow said he is trying to […]
The US Stock Market Remains in Consolidation Mode $DIA, $SPY, $QQQ, $VXX, $USO The Bull has paused to refresh Fundamentals are Strong Interest rates are low Some pundits are saying that the world markets entered Y 2018 speculating that the most synchronized global economic expansion in a decade was going to get to Hot, but […]
The ‘Trade War’ is Over Before it Started $DIA, $SPY, $QQQ, $VXX The Trump Trade policies look to me like they are working, so… If the trade war is over before it even began, then the US stock market should be set up for another a sigh of relief and a new rally that will […]
Larry Kudlow Does Not See Major WH Economic Staff Changes US President Donald Trump’s incoming National Economic Council Director Larry Kudlow has asked the staff assembled by outgoing chief Gary Cohn to stay with him. “It’s a terrific staff, and I’ve asked everyone to stay on,” Mr, Kudlow told reporters Trusday. “I’ve met with all […]
FOMC’s Rate Hike Will Not Slow President Trump’s Economic Plan The Powell Fed shows confidence in the US Economy The Fed’s rate increase Wednesday will not slow President Donald Trump’s economic agenda, but it will make home mortgages more costly. “I don’t think this is going to affect the economic expansion very much,” economist Peter […]
Insight into the Stock Markets’ ‘Quick’ Correction $DIA, $SPY, $QQQ, $VXX As US stock markets conclude 1 of the worst weeks point-wise in history, below is a list of the Key things to know about the quick 9 day corrective action, as follows: It was driven by technicals, not fundamentals. The ongoing market correction does […]
Leading Indicators Up, Trump Tax Cut Momentum Continues $DIA, $SPY, $QQQ, $VXX An Key economic indicator rose more than expected in December and President Donald Trump’s landmark tax cut will likely push it even higher in the near future. Leading indicators rose 0.6% in December, more than the 0.5% expected by economists surveyed by Reuters. […]
US President Trump to WEF Davos: “US is Open for Business” President Donald Trump to meet with world leaders, dine with business executives and declare America “Open for Business” during his trip to the Davos WEF Summit this week. White House officials said Tuesday the President is going to the World Economic Forum (WEF) to […]
The Trump Bull Market Rally ‘Rages’ $DIA, $SPY, $QQQ, $VXX Wall Street continued The Trump Rally Friday with record closing highs as Q-4 earnings season kicked off with solid results from banks and strong retail sales drove investor optimism about US economic growth. The S&P 500 is enjoying its best 10-day start to a year […]
The Trump Way: Prosperity, American Populism $DIA Steve Bannon Down, Market Up Signals the Resurgence of Real American Populism There were 2 big stories in the 1st week of this New Year: The DJIA soared 577 points, and Steve Bannon ended his political career. Are these two events related? Perhaps more than you might think. […]
The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000 $DIA, $SPY, $QQQ, $VXX The macro indicators are telling investors that world economies are doing really well under President Trump’s MAGA policies. Thursday, the DJIA broke above the 25,000 for the 1st time, and other major US indexes posted new records, driven by strong US […]
US Stocks Post Record Highs, as Trump Rally Extends $DIA, $SPY, $QQQ, $VXX All 4 major US stock market indices finished at new all-time highs The S&P 500 Index surged past the 2,700-mark Wednesday and other major indexes hit record intra-day highs as technology stocks climbed on indications of strong economic growth in the US […]
Trump Policies Lead the US, Global Economies in Surprise Recoveries MAGA The global economy found its post-crisis footing in Y 2017, with most major developing economies surprising on the Northside. Comparing Y 2017 predictions made a year ago Vs the likely up-turn based on the latest forecasts in Bloomberg’s monthly survey, shows that the Pessimists […]
President Donald ‘Santa’ Trump Delivering Strong Economic Data There looks to be no end to the strong data. Revised Q-3 GDP, December Philadelphia Fed Manufacturing Index, November Leading Indicators, October Home Prices and Weekly Jobless Claims GDP: 3.2% (down 0.1 percentage point) Phila. Fed: +3.5 points LEI: +0.4% Home Prices (Over-Year) +6.6% Jobless Claims: +20,000 […]
US Growth is Expected to Stay Above the Forecast Rate $DIA, $SPY, $QQQ, $VXX Econ 101: no inflation no growth. Investors have been underestimating the importance of US economic growth for Fed policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, If it starts looking more […]
Americans’ Economic Confidence Is Strong $DIA, $SPY, $BA Americans’ confidence in the economy remains strong heading into the final weeks of the Christmas Holiday shopping season. Gallup’s U.S. Economic Confidence Index registered +7 last week, similar to the prior week’s score of +9 and close to this year’s average of +6. Americans’ low expectations for how the […]
President Trump’s Tax Cuts Promote Growth, Reduce Deficit $DIA, $SPY, $QQQ, $VXX Market Notes Stocks rose to new all-time highs with technology and energy shares pacing the advance as The Trump Rally extends The CBOE launched Bitcoin (BTCUSD)futures trading Sunday evening. The 1-month futures contract was trading at around $18,600 at the stock market’s closing bell. […]
Stocks World Wide at Record Highs $DIA, $SPY, $QQQ, $VXX. $DAX The Trump Bull Market Rally is Up and Running Major world stock markets rallied and government bond yields fell Tuesday as strong corporate profits, steady global growth and low inflation provide few alternatives for investors outside of stocks. Equity markets from Asia to Europe […]
Economic-Confidence Index at Near 9-Year Highs America First! Americans’ confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years. Gallup’s US Economic Confidence Index averaged +7 for the week ending 12 November. Amid a booming stock market and a falling unemployment […]
The Hussein Obama Era of Economic Surrender Is Over $DIA, $SPY, $QQQ, $VXX Stocks ended the Week, and the Quarter, on a high note, driving the S&P 500 (+0.4%) higher for the 4th session running to record highs, as The Trump Rally extends. US GDP Revised Up to 3.1% in Q-2, exceeding economists expectations Friday, […]
Saudi’s Accelerate Economic Reforms, Aramco IPO on Track Saudi Arabia’s government says that it is accelerating its economic reforms, while revising some of them to give ministries more flexibility in meeting their targets. The Vision 2030 reform program, launched by Crown Prince Mohammed bin Salman last year, aims to free the economy from dependence on […]
US Economic Growth Revised to 3%, Stronger Household Spending The pace of growth is in line with The Trump Administration’s long-term goal of 3% as the President’s policies kick in. US Q-2 growth was revised upward to the fastest pace in 2 years on stronger household spending and a bigger gain in business investment, putting […]
The 3 Hurdles to 3% Economic Growth in the US President Trump’s 2018 budget assumes uninterrupted increases in the pace of economic growth during each of the next three years before real GDP growth levels out at 3% for every year thereafter. Our own forecast is less sanguine, as are those of the Congressional Budget […]
US Economic Outlook Improving, Leading Indicators Up $DIA,$SPY, $QQQ, $VXX US leading indicators increased 0.6% in June, beating estimates for a 0.4% rise according to economists polled. This is up from a gainer of 0.3% in May, according to the Conference Board. The index is a closely followed indicator for how healthy the US economy […]
Allianz Investment Management (OTCMKT:AZSEY) Looks at the US & EU Markets $AZSEY In Q-1, it appeared that inflation in the US would indeed move up, as the labor market continued to show signs of strength and job creation remained strong. Economic growth in Q-1 was weaker than FY forecasts, but financial markets have come to […]
Russia-China Cooperation Enhanced by Belt & Road Initiative Russian President Vladimir Putin said Thursday that he hopes the China-proposed Belt and Road Initiative will start a new stage of cooperation in Eurasia and beyond. This initiative is unique and successful, said President Putin when answering a question raised by reporters after his annual “direct line” […]
European Central Bank Facing Continuing Challenges The European Central Bank (ECB) facing continuing challenges when its Governing Council meets Thursday in Estonia. The Eurozone’s central bank is likely to err on the side of prudence by avoiding any notable reduction in monetary stimulus, even though the arguments points to a different policy direction. The argument […]
Watch as China Moves in on the Trump Weakened European Union Chinese Premier Li Keqiang’s upcoming visit to Germany and Belgium will enhance diplomatic relations with the 2 countries, and further benefit Europe. Li’s visit is among the increased high-level exchanges between China and Europe in recent years as the 2 sides are cementing ever-closer […]
President Donald Trump is the Antithesis of Barack Hussein Obama US President Donald Trump comes from a business world of profit and loss. He practices a presidential style which sees the world in terms of Good and Evil, Black and White. As far as the Levant and Middle East is concerned, President Trump wants economic […]
FOMC Ties Rate Hikes to Economic Rebound The Fed (FOMC) policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory, mins from their 2-3 May policy meeting showed Wednesday. Nearly all policymakers at that meeting said they favored starting the wind-down of the Fed’s […]
Investors “Pause to Refresh’ Major Indexes Drift at All-time Highs $DIA, $SPY, $QQQ, $VXX The S&P 500 was down slightly Tuesday after mixed economic data and earnings while the NAS Comp hit another record as it was boosted by gains in technology stocks. US manufacturing production showed its biggest increase in more than 3 years […]
German Chancellor Angela Merkel is Out of Touch with the World Today Germany is a country in crisis German Chancellor Angela Merkel Wednesday told B20 Summit 2017 in Berlin that globalization and inclusive growth are important for the global economy. To the G20-related business gathering, Merkel said the world is interconnected and the prosperity should […]
